In 14 Years, Tele2 Attracts over a Million Users

Total Croatia News

ZAGREB, October 17. 2019 – The telecommunications company Tele2 Croatia, which started doing business in Croatia on this day 14 years ago, stated on Thursday that in the third quarter of 2019, it recorded a 6 percent rise in revenues to HRK 405 million.

The number of customers of this telecom exceeded a million.

The company recalls that when it started its operation in Croatia on 17 October 2005, a minute of mobile phone conversation cost as much as a loaf of bread. Subsequently tariffs and costs of mobile telephony were reduced by 60%. The reduction of prices was one of the aims of this third telecommunications operator on the Croatian market.

Tele2 Croatia management board chairman, Viktor Pavlinić, today presented some of the financial results and expressed satisfaction of the telecom’s performance.

For instance. in the first nine months of 2019, Tele2 Croatia experienced an 8-percent rise in revenues to 1.2 billion kuna. Capital investments skyrocketed by 128% to 116 million kuna.

The number of employees rose by 45% (or by 109) to 351.

More IT industry news can be found in the Business section.


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